Forklift Battery Market Recorded a 3.64% Y-O-Y Growth Rate in 2021, Driven by Increasing Demand for Electric Forklift Applications - Technavio

2022-08-20 12:03:16 By : Mr. Jacky Chen

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NEW YORK , Aug. 5, 2022 /PRNewswire/ -- The forklift battery market size is set to grow by USD 2.28 billion from 2020 to 2025, progressing at a CAGR of 4.19% according to the latest market report by Technavio. Technavio categorized the forklift battery market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forklift battery market during the forecast period.

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Forklift Battery Market 2021-2025: Scope

 Our forklift battery market report covers the following areas:

Forklift Battery Market 2021-2025: Segmentation Analysis

The forklift battery market is fragmented and the vendors are deploying growth strategies are deploying organic and inorganic growth strategies to compete in the market. Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Flux Power Holdings Inc., GS Yuasa Corp., Narada Power Source Co. Ltd., and Trojan Battery Co. LLC are some of the major market participants.

Forklift Battery Market 2021-2025: Market Dynamics

Forklift Battery Market 2021-2025: Segmentation Analysis

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Forklift Battery Market 2021-2025: Key Highlights

The competitive scenario provided in the Forklift Battery Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Forklift Battery Market Forecast Report -  Buy Now!

Accelerate at a CAGR of 4.19%

Europe, North America, APAC, South America, and MEA

US, China, Germany, France, and Japan

Leading companies, competitive strategies, consumer engagement scope

Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Flux Power Holdings Inc., GS Yuasa Corp., Narada Power Source Co. Ltd., and Trojan Battery Co. LLC

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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